When applying for a home loan in India, you may want to know an amount a lender may approve.
You may also want to know the amount payable as the EMI over the tenor. And to do that, you don’t need to do any calculations on your own.
It is because you can know your exact home loan eligibility and EMI amount online.
All that you have to do is – use the house loan calculator.
Let’s check out more in this post!
Here’s how to check out your home loan EMI
- Open the house loan calculator on your preferred lender’s portal.
- Feed details like your loan amount, rate of interest, and the tenor of repayment.
- Once done, the tool will showcase your exact housing loan EMI amount on the screen.
Here’s how to check out your home loan eligibility
- Open the home loan eligibility calculator on your lender’s site.
- Enter your date of birth and the residence city. You also need to enter your monthly income, other sources of income, and debts.
- Now, enter the ‘Check Your Eligibility’ button to know the exact eligible amount that a lender will sanction you.
Not only this, but you will also come across the precisely payable home loan interest rate charges.
One of the most significant benefits of using these home loan calculators is that they help you plan your finances quickly. Once you plan your finances, it becomes faster for you to apply for a home loan without a doubt.
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